I think it's a spoof name. I was just looking around and it appeared as a joke on an American comedy show some years back. Either that or his parents watched the show and did indeed hate him and became sick of calling him a little $#!T.

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Day Trader: Lowest form of life in the known universe.Shorter: Can limbo under a day trader.Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)Share prices are only ever manipulated down.Paper losses are not really losses.Chat site posters always know better & know more than anyone about anything.I'm 29.The cheque is in the mail.

The quote below is interesting on two fronts.Firstly, its content in that it is predicting a short squeeze on Silver and a possible price rise (good for me).The second thing is the name of the bloke who wrote it.Is it a typo, a spoof, or did his parents just hate him??Mick

By Turd Ferguson | Wednesday, April 15, 2015 at 12:09 pmBack in March, Comex silver prices surged 13% in just 6 days as a massive Spec short position was squeezed. Could the same setup be appearing again, primed for squeezing later this month? It certainly appears that way.

Recall first the circumstances surrounding the squeeze last month. Conventional wisdom held that the FOMC meeting of March 17-18 was going to precede some sort of announcement of an imminent Fed Funds rate hike. In anticipation, momo-chasing Spec fund money came flowing into the short side of Comex silver.

In the three weeks between February 24 and March 17, Commitment of Traders data shows that the Large Spec GROSS short position in silver grew from 20,009 contracts to 37,238 contracts...an increase of over 86%...all while price was declining from a 2/26 intraday high of $16.62 to a 3/11 intraday low of $15.36. This massive buildup of Spec short positions left silver ripe for a "short squeeze" and, when the FOMC Fedlines of March 18 failed to include the anticipated rate hike language, it was off to the races.

Over the six trading sessions from March 18 through March 26, price rallied from $15.40 to $17.40, or roughly 13%, and over this same time period the Large Spec GROSS short position declined by nearly 15,000 contracts, back to near 22,000.

What has happened in the time since? Despite all of the lousy US macro data, including the awful employment data of two weeks ago, conventional wisdom has once again decided that rate hikes are imminent. To this end, silver has fallen back to near $16 and, with it, silver open interest and Spec shorting is rising once again. As of last evening, total Comex silver open interest now stands just 1,300 contracts below the all-time high of 179,123 set on March 18. Check this out:

DATE TOTAL OI CLOSING PRICE

Feb 27 160,392 $16.56

March 18 179,123 $15.54

April 2 168,308 $16.70

April 14 177,877 $16.16

To me the conclusion is quite clear. The risk in silver is NOT to the downside with a drop through $15.50. Instead, the risk is being taken by the Spec shorts. They are being set up once again for an epic squeeze. This move is not yet imminent and it may be timed instead for the next FOMC meeting in two weeks. This would coincide with May silver contract expiration and the mandatory Spec short-covering that would naturally occur anyway.

Therefore, could another squeeze and panic develop, similar in size and scope to March? Certainly. And could you profit from this move? Absolutely! Those willing to gamble in The Casino and confident enough to take a contrarian stand against the momo-and-headline chasing Specs, will very likely be richly rewarded. These profits can then be used to acquire additional physical metal to add to your stack in preparation for the eventual end of The Great Keynesian Experiment.

Thanks Wren, but I needed something in USD. I had about 40kUSD in my Pershings account after the sale of the XHB ETF, and had not converted them back to AUD, as I wanted to keep mybalance of a variety of currencies in which I am invested.

With Silver now below USD19, perhaps its time to look at the bottom for the metal. Unlike gold, Silver gets consumed in significant quantities in industry.Yes, the loss of the photographical market has affected it, but there are more and more industrial uses popping up especially as an antibacterial coating in the food technology and medical field. (You can even get dishwashers with an internal coating of silver!).The paper derivatives, with many times the value of all the gold mined in the world so far), have been the weapon of mass destruction for silver.However, it can't keep being pulled down forever.

I have no idea as to whether the silver price has further to go down or not, but the upside is almost limitless.Despite a gradual fall in price, its instructive to look observe that the vast majority of silver stocks In the following link of silver stocksare mostly still in the mid range or better between 52 wk hi and 52 wk low.

I tried to paste the table, but the formatting gets screwed, so for those interested, they will just have to download the table for themselves.

it is interesting to note that one of the larger producers, CDE, is probably now making a loss on every ounce it mines, as does First majestic and Panther.I was pondering which of the silver producers to have my play in.

In the end, I decided to use the USD from the sale of my XHB ETF to buy another US denominated ETF, SIL.

chart 1--shows silver's high in 1980 of USD49.45 being worth in adjusted inflation terms as being worth USD130 today, makes you think--given todays spot market is only 25% off the all time high, and 2012 is hardly 1980.

chart 2--shows current spot silver situation in USD with upside potentials notice it has popped over it's 200EMA---------------------------------------------------------------------------------------------------------------------

Silver's high in 1980 of $49.45 per ounce adjusted for the CPI index equals $130 per ounce in today's dollars:

Another silver play on the ASX (with some associated assets) is CJO having recently completed the purchase of the Namiquipa Silver Project in Mexico, following Q1 report ground work is now commencing--see ASX reports.

Tread VERY CAREFULLY---the big boys are playing fast and loose with Silver---please note there are TWO further margin increases happening--the 4th tonight, and the 5th next Monday--read the CME link provided. Presumably the next step will be to BUY silver say in 7 days time?-------------------------------------------------------------------------------------------------------------------------------------

Silver dropped another $2.27 again on Wednesday May 4th 2011. Starting the day over $40 reaching as high as $41.90, then swinging back down to a low of $38.94 to settle at $39.45.

Billionaires and hedge funds took part in todays drop as George Soros and others were sellers of gold and silver today.

Fund managers have said that Soros could, in theory, sell gold and silver to take profits and then build positions back up within days, or even hours.

If sharks were in the water yesterday, the great white showed up today in Soros. Now it seems as the killer whale has been invited by the CME as they have announced a 4th and 5th margin increase for silver to go in to effect on the close of business Thursday, May 5th 2011, and Monday May 9th, 2011